Seattle moves ahead with KeyArena remodel to attract NBA, NHL

The Seattle City Council has voted 7-1 to approve a new $660 million package to build a new arena at Seattle Center, perhaps paving the way for a Seattle NHL franchise in the immediate future.

There is widespread belief inside Seattle City Hall that Oak View will now make a serious pitch to the National Hockey League to be an anchor tenant in the new building. On Monday evening, city council approved a memorandum of understanding with a Los Angeles-based company, Oak View Group, that would see the company privately finance a almost $600 million remodel of the KeyArena. It has said it could have the building ready by October 2020 if environmental approvals are obtained and demolition can start in October 2018.

In a separate statement, Councilmember Teresa Mosqueda said she was, "proud to support a project aligned with the progressive values and shared prosperity for which Seattle is now legendary", as she cast her first vote.

"We feel extremely good about the partnership between the City of Seattle and OVG and respect and applaud the City in its ability to be thoughtful, collaborative, and deal focused throughout this process while maintaining the best interest of its citizens", Oak View Group CEO Tim Leiweke said in a statement.

KeyArena opened its doors in 1962 and was last renovated in 1995. It is now home to the WNBA's Seattle Storm. Bonderman is an investor in the project and a minority owner of the NBA's Boston Celtics. It had about 570,000 visitors a year ago. Should those upgrade requirements be met, there are two eight-year lease extensions that will be activated, and carry the entire life of the lease agreement to 55 years.

Under the agreement, OVG is responsible for the entirety of project costs, in addition to overruns, along with $40 million in neighborhood transportation improvements over the term of a 39-year lease, as informed by a mobility action plan also paid for by the group. Hansen, who has been seeking a second city council vote on the conditional vacation of a one-block section of Occidential Avenue South for the arena's construction, issued a statement after Monday's vote. In that statement, Hansen argued that having a second arena option in place could put the city in a better position to land an National Basketball Association franchise.

The company reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $2.20 by $0.09. The stock of Bank of Hawaii Corporation (NYSE:BOH) has "Neutral" rating given on Friday, July 8 by Piper Jaffray.

President Trump vowed to crack down on illegal immigration, promising to arrest millions of foreigners with criminal records. . After Trump took office, ICE arrests surged 40 percent from the same period a year earlier.

Flynn had previously denied that he discussed sanctions with the Russian official, but later acknowledged that the issue came up. McFarland was not mentioned in the court filings, but CNN has reported that she was the transition official who spoke to Flynn.

Lexington Mayor Jim Gray has announced he will seek the Sixth District congressional seat now held by Republican Andy Barr . And it's typical for the party controlling the White House to lose congressional seats in off-year elections.

The Philippine Star reported Tuesday the ban on police involvement in Duterte's war on drugs is ending. But he reinstated the police soon afterwards without making major reforms to address the graft issue.

State were ranked in the College Football Playoff committee's final Top 25 this season and there are fewer and fewer easy outs. Taggart reportedly was offered a contract extension from OR that would pay him $20 million over five seasons.

Last Thursday, the four-year-old girl was allegedly sexually assaulted by two PT teachers inside a school washroom. Both teachers have been arrested and charged under Protection of Children from Sexual Offences (POCSO) Act.

The Los Angeles Fire Department has also sent multiple resources toassist with the fire, says a department official. Residents were beginning to evacuate their homes as flames continued to spread quickly.

The financial services provider reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.06. At the same time, the volatility-measuring Average True Range (ATR) for this stock is 0.5114, suggesting High Volatility.

Analysts on average had expected a profit of $1.19 per share and revenue of $2.08 billion, according to Thomson Reuters I/B/E/S. The stock of General Electric Company (NYSE:GE) has "Outperform" rating given on Monday, January 25 by RBC Capital Markets.

Sling TV doesn't disclose how many paying customers it has, though several analysts estimate the service has well over 1 million. Dish Network CEO Charlie Ergen has stepped down, making way for Erik Carlson to be promoted to president and CEO.

Lake Effect Snow Could Pummel North County
Mild temperatures with soaking rainfall will precede this system on Tuesday in the Northeast ahead of an approaching cold front. Drivers across the advisory area could experience very low visibility and deep snow cover on roads, the Weather Service said.

Rexnord Corporation (RXN), Molson Coors Brewing Company
BidaskClub upgraded Molson Coors Brewing from a "sell" rating to a "hold" rating in a research note on Saturday, August 26th. The volume of RXN witnessed a shift from 1.25 million shares, based on a 50-day average, to 0.96 million shares.

Katy Perry wins big in convent battle
It followed an earlier decision to award $5 million in compensatory damages divided between the two entities on November 17. The jury determined Katy and the Archdiocese had the valid deal and were damaged because it never went through.